Washington

The complaint filed by Philadelphia and Baltimore fails to rise to the level of specificity needed to prove conspiracy, Wall Street banks told a federal judge.

It's uncertain whether Pedro Pierluisi's nomination to succeed Rossellówill pass the House.

The National Association of Municipal Advisors wants SEC staff action to protect MAs and possible eventual rulemaking to create "regulatory parity" between MAs and broker-dealers.

The committee also unanimously voted Tuesday to reverse a planned $7.6 billion cut in highway spending that’s scheduled to take effect in a year.

President Donald Trump is demanding a “large cut” in interest rates as the Federal Reserve begins its two-day monetary policy meeting.

Danielle DiMartino Booth discusses the Fed, yield curve inversion and why a 25 basis point rate cut won't stimulate the economy. Aaron Weitzman and Gary Siegel host.

The bill won praise from state departments of transportation, which rely on federal funding as they plan major projects that often include tax-exempt financing.

Clayton noted a trend of issuers being advised that information they supply on EMMA is subject to more anti-fraud scrutiny than information provided in other ways.

At its quarterly board meeting last week, the MSRB decided to do away with Rule G-34’s provision that all municipal advisors, whether dealer or non-dealer, have to apply for a CUSIP number in competitive sales.

The latest Summary of Economic Projections, and statements by Federal Reserve officials, show a nearly even split between those favoring a rate cut and those opposed.